Trading is all about statistics.
And statistics do not allow us to sell here.
Our Phase Indicator comes to the same conclusions : its probability calculations give the advantage to the bounce over the future drop.
1/7
The latest #Bitcoin dip has caused the classic indicators (RSI and others), whether on a weekly, biweekly, triweekly or monthly timeframe, to be in extreme oversold areas, the lowest historically reached, uniquely reached in the historical bottom zones.
2/7
Before the start of new bullish runs for survivors, observed that :
1/8
Out of 12,922 #cryptos,
- Over 99% have fallen 70% from their all-time highs.
- Over 98% have fallen 90% from their all-time highs.
- Over 96% have fallen 99% from their all-time highs.
The probability of new bullish runs for the "survivors" is very high.
2/8
